ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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North America
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Eastern South America
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Northern and Central Africa
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Western Europe
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Detailed explanation-1: -Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.
Detailed explanation-2: -Africa produces all the principal grains-corn, wheat, and rice-in that order of importance. Corn has the widest distribution, being grown in virtually all ecological zones. Highest yields per acre are recorded in Egypt and on the Indian Ocean islands of Réunion and Mauritius, areas where production is under irrigation.
Detailed explanation-3: -As of 2022, the Gross Domestic Product (GDP) of North Africa was estimated at roughly 857 billion U.S. dollars.
Detailed explanation-4: -Manufacturing value added (MVA) of an economy is the total estimate of net-output of all resident manufacturing activity units obtained by adding up outputs and subtracting intermediate consumption.